Graham Holdings Co (NYSE: GHC) is a diversified holding company whose operations span educational services, television broadcasting, healthcare, manufacturing, and automotive dealerships. Revenue is generated across these segments through tuition and program fees, broadcast advertising, healthcare service billings, manufactured goods sales, and automotive vehicle sales. The education segment operates through Kaplan, Inc., which serves students, schools, colleges, universities, and businesses both domestically and internationally, offering academic preparation, English-language programs, exam preparation, and career advisement services, including a U.K. sixth-form college. The television broadcasting segment owns and operates seven broadcast stations and provides social media management tools for newsrooms. Healthcare operations include in-home specialty pharmacy infusion therapies, home health, hospice and palliative services, applied behavior analysis therapy, allergy and immunology physician services, in-home aesthetics, and healthcare software-as-a-service technology. All segments operate under the Graham Holdings corporate umbrella as disclosed in the 10-K filed February 25, 2026 (accession 000162828026011405).

Revenue model

Multi-segment revenue: tuition and program fees from Kaplan educational services, broadcast advertising from seven television stations, fee-for-service and SaaS billings from healthcare businesses, goods sales from manufacturing operations, and vehicle sales from automotive dealerships.

Products and services

Kaplan academic preparation programs for international students; English-language programs; operations support for pre-college, certificate, undergraduate, and graduate programs; exam preparation for high school, graduate, and professional certification candidates; career and academic advisement; U.K. sixth-form college (A-level preparation); seven television broadcast stations; social media management tools for newsrooms; in-home specialty pharmacy infusion therapies; home health, hospice, and palliative services; applied behavior analysis therapy; allergy, asthma, and immunology physician services; in-home aesthetics; healthcare software-as-a-service technology; manufacturing operations; automotive dealerships.

Customers and end markets

Students (domestic and international), K-12 schools, colleges and universities, businesses seeking professional training and career advisement, television broadcast audiences and advertisers, patients requiring in-home healthcare and specialty pharmacy services, automotive consumers.

Value-chain role

Direct service provider and operator across education, media broadcasting, healthcare delivery, manufacturing, and automotive retail. Kaplan acts as both a direct educator and an operations support provider to third-party educational institutions.

Geographic exposure

Domestic (United States) and international operations. Kaplan operates both inside the U.S. and outside the U.S., including a U.K. sixth-form college. Television broadcasting and automotive dealerships are U.S.-based.

Source: SEC 10-K, filed 2026-02-25

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